If you bought rental property as an investment, you may be concerned that hiring a property management company to oversee the rental will ultimately diminish your return on your investment. However, a quality professional property management company will actually protect your investment and also work hard to keep your property rented.
Here are just some of the ways that professional property management helps you protect your investment:
An experienced property management company knows how to select quality tenants who will not only have the means to pay their rent on time, but will also be more likely to care for your property as if it were their own. Destructive or negligent renters can wreak havoc on a property, causing damage that far exceeds the amount they paid for a security deposit. Careful tenant screening can ensure that only renters with a history of being responsible will inhabit your rental property
A professional property management company will also perform routine property inspections to make sure your property is properly maintained. It will also be responsive to any maintenance requests from tenants to make sure that your property is protected from unnecessary damage.
If your rental property sits vacant for several months, you will lose out on rental income for that period. Income lost due to vacancy will also cut into your return on investment. The loss of income from a long term vacancy may also put you into a serious financial bind from which it might be hard to recover. Because we are responsive to their needs and meet their expectations, tenants of properties managed by Fort Lowell tend to renew their leases. This high retention rate helps our clients to enjoy a better return on their rental property investment.
A professional property management company will work hard to aggressively market your property to ensure that it stays rented. At Fort Lowell we use a combination of traditional and online marketing methods to gain attention for your property and then choose the best renters from the pool of applicants.
Fort Lowell Realty and Property Management has over 30 years of experience in the property management business. During that time we have learned the best and most efficient methods for caring for your property and keeping it rented with quality tenants. If you own rental property in the Tucson or Phoenix, AZ, areas and would like to protect your investment by choosing the best in property management, contact Fort Lowell today.